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    Property profile & analytics

    994 203rd 996th Hwy Elba, AL 36323

    • Investment properties
    • 17,300 SF
    • 1.66 lot acres
    OFF-MARKET
    Value Estimation
    $595,000
    Last Sale
    Jul 14, 2020
    $570,000
    Location Intelligence
    Property ID
    US03-1592096
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 994 203rd 996th Hwy

    Year built
    1999
    Lot size
    1.66 lot acres
    Property size
    17,300 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    1103071002001006
    APU
    1103071002001006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $610,000

    • CAP approach

      CAP return
      Estimation
      6%
      $585,000
      6.5%
      $610,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $545,000
      Geo Method
      $570,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $595,000
      Retail
      $510,000
      Mixed-Use
      $495,000
      Hospitality
      $605,000
      Educational
      $490,000
      Residential Income
      $610,000
      Energy
      $600,000
      Income-Based Land
      $445,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Elba
    County
    Coffee
    State
    Alabama
    Longitude
    -86.0792
    Latitude
    31.4254
    CBSA code
    21460
    CBSA name
    ENTERPRISE-OZARK, AL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $0.00
    $0.00
    $132,060
    -
    $60,000
    $600,240
    $660,240

    Comparable in this City

    • Value Estimation by Request
      9,360 SF

      48 County Rd 607

      STORE/OFFICE (MIXED USE) • 9,360 SF
      48 County Rd 607, Elba, AL 36323-6530
      View Details
    • Value Estimation by Request
      4,500 SF

      217 Ct Ave

      STORE/OFFICE (MIXED USE) • 4,500 SF
      217 Ct Ave, Elba, AL 36323-1743
      View Details
    • Value Estimation by Request
      2,444 SF

      317 Davis W St

      STORE/OFFICE (MIXED USE) • 2,444 SF
      317 Davis W St, Elba, AL 36323-1726
      View Details
    • Value Estimation by Request
      1,080 SF

      645 Davis E St

      STORE/OFFICE (MIXED USE) • 1,080 SF
      645 Davis E St, Elba, AL 36323-1621
      View Details
    • Value Estimation by Request
      5,800 SF

      246 Factory N Ave

      STORE/OFFICE (MIXED USE) • 5,800 SF
      246 Factory N Ave, Elba, AL 36323-1740
      View Details
    • Value Estimation by Request
      4,361 SF

      342 Ct Ave

      STORE/OFFICE (MIXED USE) • 4,361 SF
      342 Ct Ave, Elba, AL 36323-1729
      View Details

    Similar Nearby for Sale

    • $3,250,000

      Elba Industrial Complex: Prime Location

      Two Warehouses, 207,000+ SF, Highway Access
      2251 Old Curtis Rd, Elba, AL 36323
      View Details
    • $429,000
      5.50 Acres

      Prime Commercial Land on Highway

      5.5-acre corner lot with highway frontage near major distribution facility.
      Highway 84, Elba, AL 36323
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    • $74,000
      18.37 Acres

      Undeveloped Land with Road Frontage

      18.37 acres of open and wooded land suitable for residential use.
      322 O County Rd, Elba, AL 36323
      View Details
    • $265,000
      5,800 SF

      Renovated Commercial Building in Elba, AL

      Versatile 5,800 sq ft commercial space in thriving Elba, AL.
      246 Factory Ave, Elba, AL 36323
      View Details
    • New
      $65,000
      5.00 Acres

      Residential Land in Elba, AL

      5 acres of land with limitless potential in Elba, AL.
      1554 County Road 513, Elba, AL 36323
      View Details
    • $59,000
      9.00 Acres

      9 Acres in Kinston District

      9 acres of land suitable for residential development in Elba, AL.
      Highway 87, Elba, AL 36323
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      27,500 SF

      Retail Suites For Lease

      Retail suites available for lease with developable land.
      949 Alabama Highway 203, Elba, AL 36323
      View Details
    • $8 SF/Yr
      27,500 SF

      Retail Space in Elba, Alabama

      Neighborhood shopping center with available suites and below market rents.
      987 Al-203, Elba, AL 36323
      View Details
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    994 203rd 996th Hwy
    Elba, AL 36323
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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